US equities settled moderately higher, sp +8pts @ 1961 (intra low 1939).
The two leaders - Trans/R2K, settled higher by 0.3% and 0.4%
respectively. Near term outlook is for continued upside into the FOMC,
at least to the sp'2000/2010 zone, however there is risk of 2050/70..
before the next big rollover.
sp'daily5
Trans
Summary
Little to add.
The market continues to battle upward (if very choppy) from the double floor of sp'1867. The sp'2000s seem a very viable target next week.
Renewed downside is probable once the FOMC is out of the way... regardless of whatever they decide.
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a little more later...
